Daily gold news
Gold prices on the world market turned back to close positive 18usd/oz, closing at 2,023usd/oz on Thursday, January 19th. This was supported by the United States launching a new attack on Houthi strongholds in Yemen amidst tensions in the Middle East that are likely to intensify.
Technical data on gold price trends
This morning’s gold price opened at 2,023 USD/oz, while the price of domestic gold bars sold out at around 34,000 baht. The overall picture of the world gold price has adjusted to the downtrend. Most recently, the candlestick chart is still moving below the 200-day moving average, creating a negative slope. In TF4H, the sell position has returned to gain an advantage over the market. However, the gold price rebounded somewhat after the RSI indicator adjusted to the oversold or oversold zone. Recommended to buy with the goal of 2035-2050usd/oz As for the price of gold in the country, you can still buy and accumulate according to the uptrend since the beginning of the year.
Yesterday’s gold price
High 2024usd/oz Low 2005usd/oz
Gold Investment Strategy
Gold Spot:
Support :2015/2005usd/oz
Resistance :2035/2040usd/oz
96.5%:
Support line: 33,950/33,850 baht
Resistance:34,100/34,200 baht
Note: Thai gold prices are approximate prices which may change according to the currency direction.
fund SPDR (World’s Largest Bullion Investment Fund)
Holding 862.10 tons (fixed)
Latest US policy interest rates
US interest rates were last held at a range of 5.25-5.50%, while CME Group’s Fed Watch Tool indicated that investors weighed 53% in expecting the Fed to cut interest rates by 0.25% to 5.00-5.25% at the meeting. March 2024 and still expects the Fed to cut interest rates 6 times in 2024, cutting by 0.25% each time, for a total of 1.50%.
The above analysis is intended for the Company’s customers only. The company does not have any responsibility. Continuing the above analysis Investing is risky. Please use your own discretion when investing. This analysis was prepared by Ausiris Intelligence Dept. For more information, contact 0-2613 -0820 or via the website. www.ausiris.co.th
2024-01-19 15:11:32
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